Seagate Tech (STX) adds 8 cents to $15.05 and an early options trades in the storage device maker is a 3670-contract block of Aug 14 calls at $1.51 on ISE, which is an opening customer buyer. 4,000 now traded. No news to explain the relative strength and early call buying in STX early Thursday Shares are on a four-day 5.6 percent run higher and currently testing a 200 -day exponential moving average.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.